Ibstock (LON:IBST) Shares Cross Above 50-Day Moving Average – Should You Sell?

Ibstock plc (LON:IBST) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 134.63 and traded as high as GBX 142.60. Ibstock shares last traded at GBX 137, with a volume of 395,610 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ibstock from GBX 210 to GBX 190 and set a “buy” rating for the company in a research note on Friday, October 10th. Royal Bank Of Canada lowered their price target on Ibstock from GBX 210 to GBX 170 and set an “outperform” rating for the company in a report on Wednesday, October 15th. Berenberg Bank lowered their target price on shares of Ibstock from GBX 170 to GBX 150 and set a “hold” rating for the company in a report on Wednesday, October 15th. Finally, Jefferies Financial Group dropped their target price on shares of Ibstock from GBX 188 to GBX 143 and set a “buy” rating on the stock in a research report on Monday, October 20th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Ibstock has a consensus rating of “Moderate Buy” and an average price target of GBX 163.25.

Ibstock Price Performance

The company has a 50-day moving average of GBX 134.63 and a 200-day moving average of GBX 138.20. The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37. The stock has a market cap of £540.71 million, a price-to-earnings ratio of 45.67, a PEG ratio of 0.47 and a beta of 1.34.

Ibstock Company Profile

Ibstock plc manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom. The company offers bricks and masonry, which includes facing and engineering bricks, brick slips, special shaped bricks, walling stone, architectural masonry, prefabricated components, eco-habitats, and padstones and lintels, as well as façade systems; roofing products comprising roof tiles and accessories, and chimneys; and flooring and lintels, such as beam and block flooring, insulated flooring, hollowcore, and screed rails.